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Ben Othman: “The Libyan Council for Oil, Gas and Renewable Energies is trying to reassure foreign companies to return to Libya despite the warnings of their embassies”

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The head of the Libyan Council for Oil, Gas and Renewable Energies, Khaled Ben Othman, stated exclusively to our source that the council’s participation in the “Petro Africa 2022” exhibition in Tunisia came in response to the invitation of the Tunisian Ministry of Petroleum Activities to participate in this international exhibition, adding that the council had participated in three research papers at the conference held on the sidelines of this exhibition.

He added that the Council was counting on holding this exhibition in Libya, but political divisions and fear of foreign companies prevented the establishment of this exhibition in Libya, and stated that it has been decided to hold the next session of the exhibition in Libya.

Ben Othman indicated that the council is trying to reassure foreign companies to return to Libya, although the embassies of these companies warn them against returning to Libya due to the current situation in the country.

Ben Othman added that “the non-return of foreign companies gives the Ministry of Economy and Trade, the Ministry of Oil and Gas and the National Oil Corporation an opportunity to highlight the private sector, stressing that it has the capacity and efficiency in the field of oil services and explaining that the private sector was able to prove its existence after the departure of foreign companies in 2011 and 2014 and was able to return oil production to normal rates in that period.”

Tunisia will host the “Petro Africa 2022” exhibition and the ministry of Oil and the National Oil Corporation were absent

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The International Exhibition of Oil, Gas, Energy and Services, under the title “Petro Africa 2022”, started in Tunis on Tuesday, 14 June, with the participation of many international companies and institutions specialized in this field.

The Libyan Council for Oil, Gas and Renewable Energies, the Libyan Businessmen Council and Sirte Gulf for Gas Projects participated in the exhibition despite the absence of the official institutions of the Libyan state.

Al-Maryami confirms to our source the start of the parliament session in Sirte

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The Adviser to the Speaker of the House of Representatives, Fathi Al-Maryami, confirmed in a statement to our source that the parliament session in the city of Sirte was launched, which was devoted to discussing the budget proposal submitted by the Libyan government headed by Fathi Bashagha.

He added that the session was chaired by Parliament Speaker Aqila Saleh, and in the presence of First Deputy Fawzi Al-Nuwairi and a number of parliament members.

Al-Maryami also noted during his speech that the session was closed, and it was not broadcast like its predecessors.

Libyan Islamic Bank signs a partnership agreement with Fly Oya

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The Director of the Marketing Department at the Libyan Islamic Bank, Essam Hamza, said in a statement to our source that the bank had signed a partnership contract with Fly Oya in the field of e-commerce.

He added that Fly Oya is the first company to launch a ticket reservation and electronic payment service through its website, and through the Libyan Islamic Bank, which is one of the best leading banks in this service.

New changes in Libyana and sources revealed: “In this way, Bin Ayed took control of the entire company”

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Our source obtained exclusively the decisions of the new Libyana board of directors to re-form the procurement committee and form the bidding committee.

Communications sources said that the new board of directors of Libyana, headed by Al-Burari Youssef Al-Burari, is changing the company’s committees with regard to local and foreign contracts, by changing the procurement and bidding committees in Libyana.

According to the sources, the procurement committees conduct a practice with the advanced companies to offer their services to the company for less than 2,000,000 dinars.

The Tender Committee conducts general and limited tenders with companies for more than 2,000,000 dinars.

The source said: “With this, Mohamed Bin Ayed took control of the entire staff of Libyana Mobile Phone, from which he was dismissed in 2018 after the company’s disciplinary board decision.

This happened after he appointed the new board, headed by Al-Burari, a partner of Bin Ayed, by changing all the company’s departments, who are recognized for their efficiency, within a week of receiving it.”

According to the source, one of the members of the procurement committee is not even able to write, and he is also a member of the liquidity committee that was canceled by the previous council and amended by the Libyana board of directors, who is Abdul Majid Al-Bakoush.

Also, Hazem Al-Ufi, the deputy director of the Security Department, is not qualified to work in the committee, adding that all thefts will be carried out in an organized way after controlling these committees. It is worth noting that the company’s administrative and financial regulations have been suspended.

Al-Huwaij nominates a member of the Tripoli Control Authority, who is assigned to follow up on the ministry, to the position of commercial attaché and he does not depict it as corruption

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The beginning was by addressing the Administrative Control Authority of the Ministry of Economy in the National Unity Government with its letter No. 6549, in which it named a committee of oversight members headed by Abdul Razzaq Al-Wuhayshi Abdullah Al-Shuaibi and asked to enable them to follow up and evaluate the performance of the ministry. The committee continued its work until it was replaced by a new committee in the second quarter of 2022.

Sources at the Ministry of Economy said to our source that no sooner had the committee started its work than the Minister of Economy, Mohamed Al-Huwaij, was impressed by the performance of its head, so he sent a letter to the head of the Administrative Control Authority No. 2931 requesting approval of the assignment of the person concerned to work in the ministry.

The Chairman of the Authority issued his decision No. 409 of 2022 on May 22, 2022 assigning the concerned person to the Ministry of Economy in an explicit violation of the legislation in force that stipulates the decision of delegation to be issued by the authority delegated to it after the approval of the original employer.

Al-Huwaij nominated the concerned person as a commercial attaché abroad, even though he has no experience with the work of the Ministry of Economy and Trade, and despite the protest of many of the ministry’s old employees, who see that what Al-Huwaij practiced is a violation of the principle of merit and entitlement and is considered as corruption and bribery of the regulatory bodies, according to their description.

Ministry employees submitted a complaint to the Administrative Control, which our source obtained, calling for an investigation into this corrupt practice and for the nominations to be based on the principle of merit.

The Administrative Control Authority sent a letter to the Ministry of Economy asking it to stop the work of the list until the administrative control completes the investigation, which does not seem to have ended to today date.

Nevertheless, many of the candidates on the list have completed their procedures and received their diplomatic passports, and some may have already traveled abroad.

In contact with the office of the presidency of the Administrative Control Authority in Tripoli, we have not received any response or comment from it so far in particular.

In contact with the Minister of Economy, Mohamed Al-Huwaij, about what was reported, he told our source literally: “This cannot be corruption according to the law, because it has no benefit, and it is not true in the first place.”

In contact with one of the officials at the Ministry of Economy, he told us that no copy of the assignment decision has been received by the Ministry of Economy, and can’t be considered true.

A number of officials are on a visit soon to sign an important contract in Geneva

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Our source obtained exclusively a correspondence to form a committee from the Ministry of Economy to attend the ceremony of France Expertise signing a contract with the UNCTAD to implement a unified electronic platform,“electronic network”, during the activities of the United Nations Conference on Trade and Development in Geneva.

The committee includes a number of officials, including Musa Al-Zobik, Mohamed Bin Kathir, Abdul Basit Baour, Wadih Kaabbar, Rafeeq Al-Barki, Abdullah Naib, Izz Al-Din Mosaddeq, and a number of delegates from the public authorities.

Al-Aswad announces that Al-Huwaij will go to Geneva to obtain a commercial registry system on June 22nd

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The Vice-President of the European Union Program to Support the Private Sector in Libya, Mohamed Al-Aswad, said: “Under the auspices of France Expertise, the Minister of Economy, Mohamed Al-Huwaij, will go to Geneva on the 22nd of this month to obtain a new system for the commercial registry.”

This was announced by Al-Aswad in his presentation, in which he participated in a workshop on the national strategy for digital transformation, which was held in Tripoli last Saturday, under the auspices of the National Council for Economic and Social Development.

Communication was also made between Mohamed Al-Aswad and our source, and he denied all of what was reported and confirmed that he has no right to state what was stated and that the Ministry of Economy is the one who has the right to do so.

In contact with the Director of the Technical Department of the Center for Information and Economic Documentation, whose engineers prepared the system that was launched by former Minister Faraj Boumtari early last year and is still available on its website, he stated exclusively to our source that “the system works technically and has no shortcomings and that he sees no justification for wasting money and effort in vain.”

He concluded his statement by saying that “the information center requested the formation of a committee of experts to evaluate the system to see the advanced technologies and capabilities available in it, but that request did not receive -as he knows- any response from the responsible authorities.”

The system that Al-Aswad announced will be an alternative to the system that was developed with local expertise, and the Minister of Economy suspended it from work according to a number of decisions issued by him early this year.

It is worth noting that the countries of the world that seek to build strong economies focus on relying on their people and expertise and localizing technology to enhance their economy, and not to impoverish their countries, marginalize their expertise, and strengthen foreigners.

Seeking assistance from abroad should be only to fill the gap in local efforts and capabilities, and not to abolish them and replace them with alternatives from abroad.

The European Union also needs to take a serious look at the programs announced in Libya, their efficacy, and whether they actually achieve the desired goals.

The Central Bank’s liquidity team reveals to our source the arrival of 23 million in Kufra

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The liquidity team of the Central Bank of Libya revealed exclusively to our source that at these moments, a shipment of liquidity to the city of Kufra, worth 23 million dinars, had arrived.

This is within the framework of the Central Bank of Libya’s plan to provide liquidity in all branches of commercial banks and in all regions of Libya, as previously mentioned.

8 million were allocated to the Jumhouria Bank branch, 10 million to Wahda Bank branch, and 5 million dinars to the North Africa Bank. These shipments come within the framework of the Central Bank of Libya’s plan to provide liquidity in all bank branches before the blessed Eid al-Adha.

The liquidity team reveals the arrival of 35 million to Ubari

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The liquidity team of the Central Bank of Libya revealed exclusively to our source that at these moments, a large liquidity shipment to the city of Ubari, worth 35 million dinars, had arrived, as part of the continued implementation of the Central Bank of Libya’s plan to provide liquidity in all branches of commercial banks and in all regions of Libya.

20 million were allocated to the National Commercial Bank branch, 8 million were allocated to the North Africa Bank branch, and 7 million were allocated to the Republic Bank branch. As previously noted, these shipments come within the framework of the plan of the liquidity team of the Central Bank of Libya, Tripoli, to provide liquidity in all bank branches before Eid al-Adha and before the payment of June’s salaries and the team is working to transfer other shipments to the rest of the regions of the south and east of Libya.

The Assistant General Manager of Wahda Bank reveals details to our source about the activities of the Libyan Banking Conference on Compliance

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The Assistant General Manager of Wahda Bank, Anas Ashnebesh, told our source that “this banking conference is a very important event, especially since cooperation in this field is a responsibility of all sectors within the country, to complete the right cycle of the wheel of work since the conference included the Libyan banking sector with international participation represented by the Arab Banking Corporation – London as well as the British Arab Commercial Bank.”

He added: “Many important topics regarding compliance, regulatory compliance and facing money-laundering were addressed with a group of national and international banking experts, who were at a high level in addressing the main themes, enriching the discussion and exchanging opinions and ideas among the distinguished attendance, which included the boards of directors and general managers of the Libyan banking sector.”

In the same context, Ashnebesh confirmed that “the Libyan banking sector has given priority and importance to these concepts. On the other hand, he pointed out that the senior management of Wahda Bank is making every effort to enhance the employee’s ability to understand the concept of compliance and supervisory commitment, and that compliance does not mean refusing to conduct transactions or complicating procedures, but quite the opposite.

The application of the basic rules and international norms of the concept of regulatory compliance is to ensure the flow of services correctly without confusion or the bank falling into any prohibited, especially since Wahda Bank has a network of correspondents that operate within a global banking system in accordance with international standards, and at the end of his speech he emphasized that this conference is a serious start and a real initiative led by the Central Bank of Libya towards developing the banking sector, in accordance with international regulations and systems of which the Libyan state is a part.”

The liquidity team reveals to our source the arrival of 25 million to Ghat

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The liquidity team of the Central Bank of Libya revealed exclusively to our source that at these moments, a large liquidity shipment to the city of Ghat, worth 25 million dinars, had arrived within the framework of the Central Bank of Libya’s plan to provide liquidity in all branches of commercial banks and in all regions of Libya.

15 million were allocated to the National Commercial Bank branch and 10 million to the North Africa Bank branch, and this shipment comes within the framework of the shipments that the liquidity team of the Central Bank of Libya works to transfer before the blessed Eid al-Adha and before receiving the salaries of June by the bank branches, and the liquidity team confirms the work to transfer Other shipments to the regions of the south and east of Libya.

Al-Taweel reveals to our source what the banking sector needs

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The Director of the Banking Supervision and Monetary Department at the Central Bank of Libya, Mukhtar Al-Taweel, spoke to our source during a workshop held by the bank on combating money laundering and terrorist financing.

He said: “This workshop comes within the framework of strengthening the fight against money laundering and terrorist financing in the Libyan banking sector, and promoting a culture of compliance with the applicable controls and instructions, whether they are local or international.”

He added: “Today we need to develop our banking sector in partnership with the advanced banking sectors, and this requires us to make more effort and time so that we avoid many of the risks facing the banking sector today, and we can reach correspondents abroad and work with highly qualified and classified International correspondents, and therefore one of the main requirements is to develop the internal environment for courses and training and to provide the necessary technology and equipment.”

He continued: “During the workshop, the heads of the banks’ boards of directors were invited to attend it, as well as the executive directors and a part of the control department and directors of departments in the Central Bank, for the purpose of training, building a culture of compliance and developing the banking sector. There will be other courses in the coming period, for the rest of the members of the boards of directors and other departments concerned in the banking sector, and this is part of the work of the Banking Supervision and Monetary Department in developing the banking sector, and we will have many workshops in this aspect.”

Al-Aswad: “This is how Libya’s image becomes inappropriate abroad”

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The Vice President of the European Union Program to Support the Private Sector in Libya, Mohamed Al-Aswad told our source: “There is an indicator related to the economy, which is the indicator of low business performance in Libya. The foreign investor and international investment agencies perceive Libya through these low indicators.”

Al-Aswad added that “when the foreign investor sees Libya’s classification according to the World Bank for business performance, he looks at it according to these indicators, and hence, the image of Libya becomes inappropriate.”

He pointed out that the weakness of Libyan indicators abroad reflects the bad situation of Libya. Thus the participation and presence of these platforms contribute significantly to the improvement of Libya’s name abroad, in addition to improving opportunities for investors and facilitating the issue of company registration, tax procedures, opening accounts in banks and obtaining loans, in addition to investment and social security.

Once again, Dbeibeh demands the disbursement of a scholarship to students from the Telecom Holding account

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Our source obtained exclusively from the correspondence of the Ministry of Higher Education in the National Unity of Heads of Public Universities.

The correspondence includes a letter from the Minister of State to Prime Minister Adel Juma regarding the instructions of the Prime Minister, Dbeibeh, to refer the data of students who are regularly studying at the university to the Telecommunication Holding Company to be able to disburse the grant assigned to them.